Good they are promoting Indian heritage themed cards, even on presentation their focus in on that only.
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IDFC First Bank Mayura Super Premium Credit Card & Ashva Premium Credit Card (Both Metal Cards) Launched
- Thread starter BVC
- Start date
For some weird reason, Mayura is not showing in netbanking after 5 Days. Only Select Credit card is shs. Both cards were taken together.
But why?? Have you approached CS team??
BhaiyaJi
TF Legend
Not really as it is there in app and everything works fine on app. Aa jaayega kabhi website pe bhi. I haven't yet got cashback for 4*1000 yet. I got link to redeem 500 voucher of welcome benefit on Select Card ( which I was forced to get at same time to get Mayura and it takes me to idfcrewards poshvine site where 4 brand vouchers are there to choose and all 4 not available!!! Some funny ways. And on their Wealth DC, I never get any rewards whatsoever. I ask for each transaction manually after 14-15days. Some were saying their IT systems are good. Only true for pre approved credit card application-another example on netbanking/ app one can quickly create ODFD but to close one has to visit branch.
I have a question. It wouldn't be correct to say that cashback for the first four transactions (1000x4 or 500x4) will offset the annual fee paid because they will only offset the actual transactions they were awarded for, right? So the only real benefit is the joining fee points no? And you actually effectively end up paying Rs.4578 for the card?
So for instance the first month transaction list for Mayura will look like:
Annual fees (+GST) (-) Rs.7078
Transactions x 4 = (-) Rs.4000
Cashback x 4 = (+) Rs.4000
Joining points = (+) Rs.2500 (10000*0.25)
So you in effect pay Rs.4578. (Imagine you can convert your joining bonus points into statement credit the first month itself.)
Please correct me if my line of thinking is wrong here.
So for instance the first month transaction list for Mayura will look like:
Annual fees (+GST) (-) Rs.7078
Transactions x 4 = (-) Rs.4000
Cashback x 4 = (+) Rs.4000
Joining points = (+) Rs.2500 (10000*0.25)
So you in effect pay Rs.4578. (Imagine you can convert your joining bonus points into statement credit the first month itself.)
Please correct me if my line of thinking is wrong here.
point number 2...(transactions x 4)
Those products/services are availed...so you need to deduct 4k from actual expenses
Harvey_Dent
TF Buzz
Would you get this 4K cashback if you pay with another card. No right. 4K is essentially free money. You can subtract 200 more if you consider equivalent spend on another card, say SBI cashback.
But in net it only makes sense to offset this amount against joining fees. If you spend more than 4K, you are a fool as reward rate is poor on this card.
@BVC @CardSeeker
I can see you guys have got the cashback.
Do we get the Cashback only when the card fee is paid ?
Or without paying card fee and doing 4*₹500 & 4*₹1000 transactions will give the cashback ??
I can see you guys have got the cashback.
Do we get the Cashback only when the card fee is paid ?
Or without paying card fee and doing 4*₹500 & 4*₹1000 transactions will give the cashback ??
I paid the fees
EnthuCC
TF Premier
Was your bill already generated?
No I Paid From IDFC App
Directly from Amazon
maynigam
TF Premier
It's asking 2.3% extra for buying with credit card
There are limits on how much Amazon Pay gift card can be purchased per month / Quarter. Within this it allows... there are no charges.
maynigam
TF Premier
Ohh. I was trying to add money to amazon pay by credit card. You guys are buying amazon gift card and adding to amazon pay!
Buy through Amazon App
